Construction Payment Blog

A change order is an agreement made during the course of a job that alters one of three things — the cost, the scope, or the schedule. But before a...

Organization is key when it comes to recording financial transactions and creating financial statements. A chart of accounts provides the structure to organize a construction company’s financial transactions. It’s a...

Before starting a construction project, every contractor needs to put together a construction budget for the team to work from. Budgets help you calculate the total costs you should expect...

If you’re worried about the cost to file a mechanics lien, that’s completely understandable. The process — including the cost to file a lien —might seem complicated. The bottom line...

Equipment rental is a vital aspect of the construction industry. Contractors need specialized equipment to complete a project, but they don’t want to spend a ton of money to purchase...

Considering working as a subcontractor for STO Building Group? This guide is the perfect place to begin your research. Although working with a reputable GC like STO often presents opportunities...

The final phases of a construction project is a very exciting time. When the punch list goes out to the subcontractors, it means the project is nearing completion, and everyone...

A construction estimate can make or break your construction company. While an accurate estimate enables you to hit your revenue and profit goals, poor estimates lead to financial problems and...

If your company is ready to take on a large project with one of the world’s biggest general contractors for the first time, research should be the first step you...

Construction change orders are a critical part of the payment process on a project when the scope changes. On this page, you can download free change order templates for use...